SMCI is an interesting position of mine that I opened days ago. Did I miss any discussion on this board about Supermicro? I don’t recall any posts previously. I agree, despite its latest explosive runup, it remains VERY undervalued at still just PE 15, and projected growth of at least another 20% in 2024. It seems like there is plenty of upside…especially if the AI bubble is only just starting to inflate. I wouldn’t want to miss the ride, kind of like Upstart in the summer of 2021 before the Fed hiked.
Although SMCI lacks a real moat, in the short term I believe it will continue to ride the coattails of the AI hype. Will add relevant details I noted from the latest earnings to this later today